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CSPAN
Jun 16, 2013 10:35am EDT
-winning economist has pioneered research into the broad benefits to our society and our economy from early childhood development. he has proven time and time again and he will tell any group willing to listen that every dollar we invest can yield savings of more than seven dollars down the road by improving school achievement and graduation rates while reducing problems like teen pregnancy and crime. some of the answer does lie with government. like president obama's proposal to expand access to high-quality preschool. but there is also a responsibility that has to be met by parents and families, businesses and communities who are at the center of this challenge. i want to applaud the commitment progress and the ways he is going to be modeling, along with goldman sachs and other partners, new ways to finance early education for some of our most vulnerable children. the so-called social impact bonds can be an important innovation for the early learning community and the broader impact investing community. i also want to recognize the commitment by the david and laura maras foundation
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